Bitcoin (BTC) - July 20 (let's rebound)

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CME BTC1! When it was closed on July 17th, the price was 9195 points.

We need to see if we can rise above the short-term resistance point of 9185.

The rebound is likely to continue.

Watch to see if you can climb above 9274.
You should also decide how you want to move and watch it move around the coming July 22-24.

I think the maximum fluctuation is 8463-9728.5.
I think if there is a possibility of sudden movement, if it deviates from this fluctuation.

If you move in either direction, the boring sideways seem to end.

In case of a downturn, you need to make sure you can get support at the downtrend line (3) and 9004 points.

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(Binance BTCUSDTPERP 1D chart)

You need to make sure you can climb above 9204.
I think it is important to be able to keep the price above 9204 around July 22nd.

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(Bitstamp BTCUSD 1D chart)

We need to make sure we can climb above 9222.9.

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(Bithumb BTCKRW 1D chart)

You need to make sure that you can continue to receive support at the 10870000 short-term support point.
You should also watch if you can rise above the downtrend line.

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(OKEX BTCUSDTPERP 1D chart)

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(USDT Dominance 1D Chart)

You need to see if it can fall on the uptrend line (2).


(BTC Dominance 1D Chart)

We need to see if it can fall below the 63.38 point.
In addition, you should also watch for possible declines below the downward trend line (1).

A decrease in BTC dominance does not necessarily mean that the BTC price will drop.
I think BTC dominance is related to altcoin price.
If BTC dominance falls, it means that the price of altcoins has increased a lot.


If you look closely at the USDT Dominance Chart and the BTC Dominance Chart, you'll see that it's consistently moving upward.
I think it shows that the size of the coin market continues to grow.

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** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.

Description of abbreviations shown in chart
R: Resistance point or section, where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section

Comment:

(XBTUSD 1M chart)

This is a preview of the 1M chart.
You can see that there are a total of 4 important points and sections.

Point 1: 10088.5
Section 2: Section 8487-9209
Point 3: 7017
Section 4: Section 4190-5264

Currently located in Section 2.
In late July-early August, you need to see if you can get support above 9209 or fall below 8487.
The outline of this is expected to appear gradually from around July 22nd.

If you fall below 8487 points, you are more likely to touch 7017 points.
You have to see if you can get support at point 7017.

If you can gain support by rising above 9209, it is expected to rise above 10088.5.

The most important thing is whether you can rise above 10088.5 and get support.
It should be observed whether the support is confirmed rather than a sharp rise.

Comment:

(XBTUSD 1D chart)

We need to make sure we get support at the short-term support low of 9161 and rise above 9209.
If you don't get support at point 9161, you're likely to touch point 9012 and the downtrend line (3).
Be careful with fake.